The National Oil and Gas Suppliers Association of Nigeria has urged the Federal Government to tackle the issue of multiple taxation, which it views as a significant barrier to business operations.
This was disclosed by the National President of NOGASA, Benneth Korieduring a press briefing in Abuja on Wednesday, according to The Punch.
Korie emphasized the detrimental effects of excessive and double taxation on businesses.
He called for urgent government intervention to alleviate this burden and improve the business climate in the country.
“Multiple taxation remains a critical concern, and excessive and double taxation by various government levels must be addressed to create a fairer business environment,” he stated.
The NOGASA president stressed that apart from the taxation concerns, other pressing issues that requires urgent attention includes refined petroleum product availability, agricultural development, transportation infrastructure, and the fight against smuggling.
He praised the President of Dangote Group, Aliko Dangote, for his significant contribution to the industry with the establishment of Nigeria’s largest refinery.
Korie believes the new refinery will enhance supply, foster competition, and strengthen the overall economy.
“I urge that Dangote’s refined products be made available to a broader range of stakeholders, including Nigerian National Petroleum Company Trading, NNPC Retail, Depot and Petroleum Products Marketers Association of Nigeria, Major Energies Marketers Association of Nigeria, Independent Petroleum Marketers Association of Nigeria, The Petroleum Products Retail Outlets Owners Association of Nigeria, and Natural Oil and Gas Suppliers Association of Nigeria. This inclusivity will facilitate sustainable and widespread distribution across the country,” Korie said, advocating for a balanced distribution of products,” he added.
Regarding smuggling, Korie called for a redesign of distribution channels and enhanced security measures at border points to curb illegal exportation of petroleum products.
“Strengthening our security agencies, especially at border points, with necessary equipment and support is crucial. Additionally, providing logistics and drones for surveillance will help combat smuggling and theft effectively,” he asserted.
